SoVote

Decentralized Democracy

House Hansard - 231

44th Parl. 1st Sess.
October 6, 2023 10:00AM
Context: House Hansard - 231 - Oct/6/23
Mr. Greg McLean (Calgary Centre, CPC)
  • Oct/6/23 11:59:55 a.m.
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Mr. Speaker, Canada's banking regulator has reported that one in five mortgages at three banks are in negative amortization. In simple terms, homeowners cannot afford to pay their mortgages. Mortgage rates have increased at the fastest pace in history because of the Liberal government's failed policies. Deficits lead to inflation, which leads to higher interest rates, which, as should be obvious to the NDP-Liberal coalition right now, lead to higher mortgage costs. When are the Liberals going to acknowledge the pain their broken economic policies are causing Canadians and end these massive deficits?
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Context: House Hansard - 231 - Oct/6/23
Mr. Greg McLean (Calgary Centre, CPC)
  • Oct/6/23 12:01:09 p.m.
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Mr. Speaker, I appreciate that the member across the way uses selective statistics. Yes, 64,000 jobs were created in September, but that is because there are fewer people actually working full time. The actual number of hours worked has gone down by 0.2%, in the same report. Many Canadian homeowners are now clearly underwater on their mortgage payments, and the number is growing by 100,000 per month. After eight years, a home affordability crisis is upon us. It is obvious that the NDP-Liberal government is not worth the increasing cost. Sooner than later, please, will the government get out of the way so Conservatives could fix what it has so obviously broken?
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Context: House Hansard - 231 - Oct/6/23
Mr. Greg McLean
  • Oct/6/23 1:08:04 p.m.
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Mr. Speaker, I challenge the member who just spoke to provide what he is speaking about. I think he is reiterating a false narrative. There is no—
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Context: House Hansard - 231 - Oct/6/23
Mr. Greg McLean
  • Oct/6/23 1:08:52 p.m.
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I interrupted, Mr. Speaker, because what the member was saying is a gross misstatement about those in the front row of this party. If the member is going to put that out there and is going to state it in Hansard, it had better show up, as opposed to being complete deceit to the House. Mr. Speaker, I am asking you to respect the rules of the House and check into the facts of what the member is stating.
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